European Investment Bank to lend €120mn for Fréjus tunnel

The European Investment Bank (EIB) has signed a financing agreement for a €120mn (US$ 156.2mn) loan designed to improve security conditions within the Fréjus tunnel, connecting France and Italy. The planned installation of a second lane/safety tunnel will to allow traffic to flow one-way on each of the two lanes, with each having a second emergency stop lane. One of the main trans-Alpine transport routes between France and Italy, the Fréjus Road Tunnel runs under Col du Fréjus in the Cottian Alps between Mo
April 12, 2013 Read time: 1 min
The 1054 European Investment Bank (EIB) has signed a financing agreement for a €120mn (US$ 156.2mn) loan designed to improve security conditions within the Fréjus tunnel, connecting France and Italy.

The planned installation of a second lane/safety tunnel will to allow traffic to flow one-way on each of the two lanes, with each having a second emergency stop lane.

One of the main trans-Alpine transport routes between France and Italy, the Fréjus Road Tunnel runs under Col du Fréjus in the Cottian Alps between Modane in France and Bardonecchia in Italy.

For more information on companies in this article

Related Content

  • The Fehmarnbelt Tunnel, another Danish connection
    June 20, 2017
    The Fehmarnbelt Tunnel between Denmark and Germany is both ambitious and innovative, explains Susanne Kalmar Pedersen, project director at design engineering firm Ramboll, adviser to the client Fehmarn A/S. The ambitious Fehmarnbelt Tunnel - one of Europe’s largest ongoing infrastructure projects - is a priority project within the EU’s Trans European Network (TEN-T) programme. It will link the German island of Fehmarn with the Danish island of Lolland. The tunnel is an 18km immersed combined road and rail l
    Read More
  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • Bosnian highway investment
    April 27, 2012
    Bosnia's highway company Autoceste Federacije BiH will invest ?500 million in the construction of the Corridor Vc road. The European Investment Bank (EIB) will provide a loan of ?166 million to part finance the project.
    Read More

Highlighted Content